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1 Pound Ulster Bank Overprint

Issuer Ulster Bank Limited
Year 1929
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Value 1 Pound (1 GBP)
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Obverse description Printed in dark brown and blue on plain paper, the obverse is framed by an elaborate guilloche border enclosing a central vignette of a sailing ship amid foliate ornament at upper centre, flanked by intaglio medallions bearing the numeral '1'. A bold blue diagonal overprint reading 'ISSUED IN NORTHERN IRELAND AFTER 6TH MAY 1929' traverses the upper field, with supplementary overprint text applied vertically in both lateral margins. The denomination 'ONE POUND' is rendered in large blue letterpress characters across the centre, with 'ONE' within a lower cartouche and 'BELFAST' in gothic lettering at the foot.
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Reverse description The reverse is entirely unprinted, presenting a plain cream-toned paper surface devoid of any design elements, lettering, or security features.
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Comments

Ulster Bank had been issuing notes through Charles Skipper & East since the nineteenth century, and by 1929 the bank was still applying overprints to an existing plate design rather than commissioning entirely new artwork — a cost-saving measure common among the smaller Irish provincial banks of the period. The overprint format allowed rapid series changes without returning to full re-engraving.

Ulster Bank's note-issuing authority in Northern Ireland was preserved after partition in 1921, one of several commercial banks that retained that right under the Currency Act arrangements governing the new jurisdiction.

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